Fake reviews are a huge problem for everyone, especially people who own some kind of business. In the online world, it’s extremely easy to create an account and leave mostly negative comments regardless of whether that person has ever tried a specific service or a product.
Over the past few days, emails have been piling up into our business accounts inbox, all in order to warn us about people leaving fake reviews for a broker or an exchange. As the email progressed, it went on asking for money- $5oo USD to be exact – in order to remove the comment.
Screenshot from the website
Our Investigative Reports Show That 80% Of Us Trust Online Reviews, Making These Attacks Serious
Fortunately, our team at DC Forecasts has tons of experience with cases like these – so we immediately jumped in to investigate this issue and provide our readers with a full breakdown of what actually happens when fake reviews and fads like this one appear online.
The attacks such as this one can have a huge impact on the business itself because about 80 percent of the people trust the reviews and every one-star review can increase the chances of decreasing the revenue. Online reviews have also a strong impact on the users’ decisions and it’s important to try and protect the users from similar attacks like the one mentioned above.
The Story Behind
One website named ScammedBroker.com has recently targeted multiple brokers and exchanges on various platforms. Some of the names included the popular commenting plugin Disqus, where ScammedBroker user seems to be writing fake reviews geared towards the platform within a minute span, claiming that all of the brokers on the site are a scam. The website which offers its users to check a certain broker or exchange before investing and going into crypto trading reportedly has “years of experience” and that it “will help its users to make informed decisions.’
The website of ScammedBroker.com claims to also “use regulatory data and has a team of specialists that review each broker or exchange” to provide accurate information for all of those who need the information the most. However, in reality, this is far from the truth.
Leaving Bad Reviews For Brokers And Blackmailing Them For $500 To Delete Them
The emails we got were warning of this new ‘’review’’ website since they leave bad reviews for all of the brokers and exchanges and later are contacting the certain platform and blackmail it for $500 in order to delete the bad review.
If you take a look at their website, you can clearly see that all of the extended reviews are negative but there are also ads that claim you can earn huge amounts of money by clicking on them. The site has no partners and it’s relatively new and there is no address or further contact details in order to get in touch with them.
Our Team Has The Proof: A Recording Can Prove This Scam
As one of the leading websites reviewing brokers and being in contact with new clients all of the time, DC Forecasts is proud to take in on this matter. In fact, we already have proof on thecase – coming in the form of recordings where users can see how this website blackmails brokers while asking for money.
Shocking, terrifying and unbelievable are some of the ways to describe this fad. However, at the end of the day, it’s important to always have your eyes open and look out for scammers and attackers online. Whether they want to hurt your business or blackmail you for payments, you need to find the tool that works best for you to defend yourself from such attacks.
The team at DC Forecasts hopes that this review helped you see the value of information – and prevent taking part in cases like these in the future!
Crypto Criminals Prefer Bitcoin According To Blockchain Forensics
“There is the ability to tie some of those cryptocurrency transactions either to the pharmacies in China or to the services that people are using to distribute fentanyl. Homeland Security and the DEA have actually become really good at apprehending those people.”Chainalysis actually makes software that can trace all of the transactions that are recorded on public blockchains to find the identity of the individual with the crypto funds. According to the coming altcoin news, the analytics company is among the best blockchain contractors by the US government. Back in 2018, it received $5.3 million from the US government. Their job is to try and analyze the behavior of the crypto criminals and to improve the tracking system. A week ago, Chainalysis decided to expand its real-time transaction monitoring for 10 popular cryptocurrencies including Ether, Litecoin and Bitcoin since it is the favorite tool for crypto criminals. Tether was also a part of the list as a part of the game plan to take down money laundering. The company announced:
“Since 2014, Chainalysis Reactor has been recognized as the leading blockchain analytics tool, playing a critical role in combating exchange hacks, darknet markets, ransomware, and terrorist financing. Over 100 customers in 35 countries rely on Chainalysis KYT (Know Your Transaction) to screen transactions in real-time and receive alerts on suspicious activity.”
New Bitcoin Laundering Case: $3 Million Stolen In A NY Drug-Infused Scam
“The defendants purchased steroids, precursor chemicals, and other controlled substances wholesale from China and other countries. After obtaining the chemicals and substances, they mixed, pressed, and packaged them, often under brand names they created; advertised and sold them online; and shipped them to customers in all 50 states and sixteen countries. Their customers included a college football player, an NFL football player, a professional volleyball player, fitness trainers, police officers, members of the armed services deployed overseas, body builders, drug dealers, doctors, lawyers, and a high school athletic coach.”However, what the notice fails to mention is the name of the exchange the men used to convert from crypto to cash. Even though this new Bitcoin laundering case was re-shared on many best cryptocurrency news sites, we see no link to an exchange. Some report that the scammers just hopped the coins to an intermediary wallet before depositing them on exchanges.
“Customers also made payments through Western Union. Those payments were laundered through the use of false identities, or through international wire transfers from foreign-based receivers,” the notice states.In total, there were about 10,000 orders moved to 16 countries - even though the business was primarily set up in the United States. Therefore, this is one of the biggest Bitcoin laundering cases and luckily, the scammers have been caught.
California Student Sentenced For 10 Years After BTC SIM-Swap Hack
“Ortiz was a prolific SIM swapper who targeted victims to steal cryptocurrency and to take over social media accounts with the goal of selling them for Bitcoin. After his thefts, Ortiz spent his loot lavishly – including $10,000 nights at Los Angeles clubs, hiring a helicopter to bring him and some friends to a music festival, and on Gucci luggage and clothing.”Joel Ortiz was sentenced to 10 years in prison by the Santa Clara County Judge Edward Lee after hearing the victims on how they got their lives ruined when he stole all their money. The DA’s office also explained the SIM swapping method:
“Hackers call a telecom company posing as their target and claim that their SIM card has been lost, and that they would like their number to be ported to a new card. The criminals can convince phone companies that they are who they claim to be by providing stolen Social Security numbers or addresses.”Joel Ortiz also stole more than $1 million from Ross when he gained access to his cell phone and his accounts that led him to the crypto exchanges. Ross never heard about this method before until he lost all of his money. He is now urging cell phone providers to offer better security measures to help the victims as the latest cryptocurrency news reports show.
Microsoft Korea Claims The Country Is Suffering From Cryptojacking Incidents
"We have noticed that as the value of cryptocurrency rises and falls, so does the mining encounter rate."Kim Gwi-ryun from Microsoft Korea isolated the malicious practice from a different cybersecurity attack vectors that were noted in the country. For example, supply chain malware and phishing attempts were all looked into. The representative pointed out that Microsoft detected many market correlations in the fluctuating prevalence cryptojacking and outlined:
‘’As the report notes, stealth cryptojacking is difficult to detect and largely manifests itself in compromised system performance due to the intensive drain on processing power that crypto mining presents.’’As DC Forecasts has previously reported in the altcoin news, cryptojacking became a widely used criminal activity to make a lot of money. For instance, two Romanian cybercriminals were convicted after a lengthy joint investigation by the United States Federal Investigation Bureau and the Romanian National Police for using this method to make extra money similar as to what the tech giant Microsoft Korea warns about. Also, an AT&T report from March shows that cryptojacking is one of the largest objectives of the hackers who are mostly targeting businesses’ cloud infrastructures and, especially in a bear market. The same month a new Trojan malware appeared for Android phones which targets crypto app users that have an installed Coinbase or BitPay app on their phones. Microsoft Korea is thus working hard to prevent similar cryptojacking attacks.
Join us on Facebook
- Philip Morris Tobacco Producer To Develop A Public Blockchain
- Crypto Criminals Prefer Bitcoin According To Blockchain Forensics
- Ripple’s XRP Token Is Officially The Worst-Performing Asset Of 2019
- Tron Casino Goes Missing, Players Left With Worthless Tokens
- Bitcoin To $6k: BTC Looks Good Despite Recent Reversal
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Blockchain News4 days ago
Serena Williams Gold Medals Winner Invested In Crypto Exchange Coinbase
Altcoin News3 days ago
Crypto Traders Are Leaving Other Altcoins To Buy Bitcoin, Why?
Altcoin News1 day ago
Euro Poll: Cryptocurrencies Will Still Be Around In Ten Years Time
Altcoin News1 day ago
New Crypto Survey Shows Mixed Opinions By 10,000 Respondents
Bitcoin News1 day ago
Bitcoin Dominance Hits 4 Month High, Climbing At 54.2%
Bitcoin News1 day ago
The Identity Of Satoshi Won’t Be Revealed Soon By John McAfee
Blockchain News1 day ago
Coinbase Engineers Get Laid Off After Chicago Office Shuts Down
Altcoin News1 day ago
Tron Foundation CEO Will Reportedly Partner With FC Liverpool